Last year’s Innovation Fellows winner, Fosmo Med, developed the Maji IV saline bag. This new technology has the potential to save millions of lives. Learn more at http://philips.to/UR0El4 .
Person by person, home by home, Philips is a part of people's lives around the world to help them live all their days in healthy and fulfilling ways. Philips surrounds us every day. Whether it's a toothbrush, an MRI machine or a skyline of dancing lights, Philips is an increasingly integral part of so many lives, delivering innovation that matters.
Philips also sees and celebrates innovation potential in unlikely places. With the Philips Next Big Thing Innovation Fellows Competition, we invite you to help our search for the "next big thing" that will revolutionize the way we live well, stay healthy and enjoy life. The grand prize winner will receive $60,000 plus mentoring from Philips executives to help bring the winning idea to life.
Do you have an idea for the next big thing in health and well-being? Do you want to help change the world? If so, we want to hear from you.
It takes more than just having a great idea to become an Innovation Fellow.
The Innovation Fellows program is accepting applications from July 23, 2014 - August 22, 2014.
To apply, click on the Register Now link in the top right corner of this page and fill out the form.
Phase 1 – Submit an idea
Starting in July, interested participants can register here and submit their #bigidea. The Innovation Fellows competition is looking for the best products, services and tangible ideas that address the key innovation opportunities of Living Well, Being Healthy, and Enjoying Life. Note: If you already have a campaign live on Indiegogo that you’d like to add to our competition, please be sure to add a link to your campaign in your entry.
If your idea is selected, you will receive an e-mail confirmation about how to move onto Phase 2 of the competition.
Phase 2 – Build your campaign on Indiegogo
Philips is partnering with Indiegogo to host this competition to see which ideas can garner the most support through crowdfunding. If your idea is accepted, you will be notified by Philips, and you will have the opportunity to start building your pitch on Indiegogo. You have until August 31 to push your campaign live on Indiegogo
Phase 3 – Finalists selected and notified
Once the Innovation Fellows projects go live on Indiegogo, entrants will fundraise through crowdsourcing to showcase which ideas have the greatest potential. Campaigns will be live through September. Philips will announce five finalists mid-October as determined by the Philips Steering Committee. Each finalist will receive a $10,000 cash prize.
Phase 4 – Winner selected
The grand prize will be selected by Philips employees. One grand-prize winner will receive an additional $50,000 cash prize ($60,000 in total) and mentoring from Philips executives and relevant business line leaders.
The Philips Innovation Competition focuses on the key innovation opportunities to help people live well, be healthy and enjoy life.
Success in this competition requires:
The Philips Innovation Fellows Competition focuses on the key innovation opportunities, specifically:
Interested in learning more about the Philips Innovation Fellows Competition? Contact us at InnovationFellows@Philips.com for more information.
* The Philips Steering Committee also reserves the right to select “wild card” ideas that have not met their financial support goals (in lieu of another campaign that has), if it believes the ideas satisfy all other criteria set forth by the competition. However, the selection of a “wild card” project is not guaranteed, so entrants should make all efforts to meet these goals.